Qatar Airways signs agreement for 35% Cargolux stake

Qatar Airways signed an agreement with Cargolux International Airlines to acquire a 35% holding in Europe's largest all-cargo carrier.

Cargolux 747-400F. Photo: By Rob Finlayson.
Qatar Airways signed an agreement with Cargolux International Airlines to acquire a 35% holding in Europe's largest all-cargo carrier. CEO Akbar El Baker last month revealed that the company was negotiating an acquisition of around one-third of Cargolux (ATW Daily News, May 4).
The equity purchase is part of a wider agreement that cements close commercial cooperation between the carriers. The transaction was signed Thursday in ...